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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense included in general and administrative expenses consisted of the following:
 Years Ended December 31,
(in millions)202420232022
PBF Energy options$4.5 $11.9 $19.1 
PBF Energy restricted shares 21.7 17.9 11.6 
PBF Energy performance awards18.1 21.7 13.4 
$44.3 $51.5 $44.1 
Summary of Share-Based Compensation Activity
The following table summarizes activity for PBF Energy options for 2024:
Number of
PBF Energy
Class A
Common
Stock Options		Weighted
Average
Exercise Price		Weighted
Average
Remaining
Contractual
Life
(in years)
Stock-based awards, outstanding at January 1, 20247,453,454 $23.98 5.26
Exercised(1,004,884)21.69 — 
Forfeited(17,695)15.37 — 
Outstanding at December 31, 20246,430,875 $24.36 4.18
Exercisable and vested at December 31, 20246,426,041 $24.35 4.18
Total expected to vest as of December 31, 20244,834 $28.81 7.44
The following table summarizes activity for PBF Energy restricted stock:
Number of
PBF Energy
Restricted Class A
Common Stock		Weighted Average
Grant Date
Fair Value
Nonvested at January 1, 20241,052,506 $41.43 
Granted1,350,576 28.60 
Vested(460,294)40.01 
Forfeited(18,893)41.81 
Nonvested at December 31, 20241,923,895 $32.60 
Unrecognized compensation expense related to PBF Energy Restricted Class A common stock at December 31, 2024 was $38.9 million, which will be recognized from 2025 through 2027.
The following table reflects activity related to our restricted stock:
December 31, 2024December 31, 2023December 31, 2022
Weighted-average grant-date fair value per share of restricted stock granted$28.60 $44.90 $35.73 
Fair value of restricted stock vested (in millions)$15.5 $11.2 $3.3 
The following table summarizes activity for PBF Energy performance share awards:
Number of
PBF Energy Performance Share Units (“PSUs”)		Weighted Average
Grant Date
Fair Value
Nonvested at January 1, 2024631,443 $38.48 
Granted253,223 34.04 
Vested(246,862)18.73 
Forfeited(25,394)49.78 
Nonvested at December 31, 2024612,410 $44.14 
The following table summarizes activity for PBF Energy performance unit awards:
Number of
PBF Energy
Performance Units
Nonvested at January 1, 202443,557,161 
Granted14,274,646 
Vested(2,194,890)
Forfeited(9,632,887)
Nonvested at December 31, 202446,004,030 
Schedule of Share-Based Payment Awards, Performance Awards, Valuation Assumptions
The grant date fair value was calculated using a Monte Carlo valuation model with the following assumptions:
December 31, 2024December 31, 2023December 31, 2022
Expected life (in years)
2.82 - 3.04
2.86 - 3.18
 3.08
Expected volatility
53.66% - 56.02%
56.68% - 59.98%
65.16%
Dividend yield
2.07% - 3.93%
1.73% - 1.80%
2.18%
Risk-free rate of return
4.17% - 4.35%
4.40% - 4.75%
3.90%
Weighted average grant-date fair value per PSU$34.04 $56.35 $45.91